Multiple Choice
Economics is generally NOT concerned with
A) restricting the level of human wants.
B) the distribution of income among households.
C) the concept of opportunity cost.
D) the rate of growth of productive capacity.
E) the allocation of resources among alternative uses.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Which of the point(s)below is (are)true of
Q23: A point lying inside the production possibilities
Q24: Because resources are scarce, individuals are required
Q25: A move from inside the production possibilities
Q26: Most modern economies in the world today<br>A)are
Q27: A farmer selling tomatoes and corn at
Q29: Suppose fire destroy many millions of hectares
Q30: Behaviour in free- market economies is<br>A)determined by
Q32: The opportunity cost of producing good A
Q33: In the Canadian economy, most decisions regarding